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New Mexico Treasurer
|New Mexico State Treasurer|
|Office website:||Official Link|
|2012 FY Budget:||$3,695,700|
|Term limits:||Two consecutive terms|
|Length of term:||4 years|
|Authority:||New Mexico Constitution, Article V, Section I|
|Next election:||November 6, 2018|
|Last election:||November 4, 2014|
|Other New Mexico Executive Offices|
|Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Auditor • Commissioner of Public Lands • Secretary of Education • Agriculture Secretary • Insurance Superintendent • Secretary of Energy, Minerals and Natural Resources • Secretary of Workforce Solutions • Public Regulation Commission • Public Education Commission|
- 1 Current officeholder
- 2 Authority
- 3 Qualifications
- 4 Elections
- 5 Vacancies
- 6 Duties
- 7 Divisions
- 8 State budget
- 9 Compensation
- 10 Historical officeholders
- 11 Recent news
- 12 Contact information
- 13 See also
- 14 External links
- 15 References
The treasurer is responsible for providing banking services to the state. The Treasurer reconciles the state's bank accounts, pays any outstanding debts or loans held by the state and invests the state's money in operations and bonds as well as investing in local issues as needed. The main purpose of the office is to manage and invest state monies.
The treasurer is elected every four years.
Under Article V, Section 1:
The executive department shall consist of a governor, lieutenant governor, secretary of state, state auditor, state treasurer, attorney general and commissioner of public lands,...
- A citizen of the United States
- At least 30 years of age
- Have resided continuously in New Mexico for five years preceding the election
New Mexico elects treasurers in the midterm elections, that is, even years that are not presidential election years. For New Mexico, 2018, 2022, 2026, 2030 and 2034 are all treasurer election years.
|New Mexico Treasurer, 2014|
|Election Results via New Mexico Secretary of State.|
The State Treasurer is limited to serving two consecutive four-year terms.
Note: Ballotpedia's state executive officials project researches the constitutional or statutory text that outlines the key responsibilities of a state executive office. That information for the New Mexico Treasurer has not yet been added. After extensive research we were unable to identify any relevant information on state official websites. If you have any additional information about this office for inclusion on this section and/or page, please email us.
Note: Ballotpedia's state executive officials project researches state official websites for information that describes the divisions (if any exist) of a state executive office. That information for the New Mexico Treasurer has not yet been added. After extensive research we were unable to identify any relevant information on state official websites. If you have any additional information about this office for inclusion on this section and/or page, please email us.
- See also: New Mexico state budget and finances
The budget for the State Treasurer's Office in Fiscal Year 2012 was $3,695,700.
- See also: Compensation of state executive officers
The salaries of state executive officers are established by the New Mexico State Legislature as mandated in the state constitution. Article V, Section 12 of the New Mexico Constitution established initial salaries for constitutional officers with the state legislature able to adjust these salaries starting in 1922, which was 10 years after the state's admission to the United States. This constitutional provision states the following:
| Text of Section 12:
Compensation of Executive Officers
The annual compensation to be paid to the officers mentioned in Section One of this article shall be as follows: governor, five thousand dollars [($5,000)]; secretary of state, three thousand dollars [($3,000)]; state auditor, three thousand dollars [($3,000)]; state treasurer, three thousand dollars [($3,000)]; attorney general, four thousand dollars [($4,000)]; superintendent of public instruction, three thousand dollars [$3,000)]; and commissioner of public lands, three thousand dollars [($3,000)]; which compensation shall be paid to the respective officers in equal quarterly payments.
The lieutenant governor shall receive ten dollars [($10.00)] per diem while acting as presiding officer of the senate, and mileage at the same rate as a state senator.
The compensation herein fixed shall be full payment for all services rendered by said officers and they shall receive no other fees or compensation whatsoever.
The compensation of any of said officers may be increased or decreased by law after the expiration of ten years from the date of the admission of New Mexico as a state.
In 2013, the treasurer's salary remained at $85,000.
Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders. That information for the New Mexico Treasurer has not yet been added because the information was unavailable on the relevant state official websites, or we are currently in the process of formatting the list for this office. If you have any additional information about this office for inclusion on this section and/or page, please email us.
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New Mexico State Treasurer's Office
2019 Galisteo Street, Building K
Santa Fe NM 87504-0608
- New Mexico State Treasury, "What the Treasurer's Office DOES," January 31, 2014
- Scribd, "State of New Mexico Executive Budget Recommendation Fiscal Year 2014," accessed June 12, 2013
- New Mexico Compilation Commission, "8-1-1 Compensation of elective state officers," accessed February 25, 2015
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- Council of State Governments, "SELECTED STATE ADMINISTRATIVE OFFICIALS: ANNUAL SALARIES," accessed December 3, 2014
- Council of State Governments, Table 4.11 Selected State Administrative Officials: Annual Salaries," accessed January 31, 2014
- The Council of State Governments, "The Book of States 2010 Table 4.11," accessed June 22, 2011